Ascent Capital Africa

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, East Africa. Assets under management: ≈ USD 80m.

At a glance

Based on observed investment behaviour: 3 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Private equity (inferred from deals)
Observed ticket: Data unavailable; Stated ticket : 2 M$ – 10 M$
Countries: Kenya (3)
Activities: Clinics and hospitals (2), Plastics and packaging (1)
Instruments: Equity (3)
Stages: Growth (3)
Recent activity: 0 deal in 12 months, latest May 2024

Stated thesis versus observed behaviour

Sectors: 100% of its deals within its stated thesis
Countries: 100% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket: 2 M$ – 10 M$
Instruments: Equity
Preferred sectors: Healthcare, Manufacturing, Retail & distribution, Agribusiness
Target geographies: Kenya, Uganda
Stages (stated by the fund and from its deals): Growth
Website: https://ascent-africa.com/

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Dune Packaging Ltd

May 2024 · Kenya

GrowthUndisclosed amountEquityManufacturingLead

Activity : Plastics and packaging

Instrument : Prise de participation minoritaire significative; 49 % selon DealMakers Africa · Vehicle : Ascent Rift Valley Fund II

Dune Packaging provides paper-based packaging solutions and is expanding across the East African market.

Why they invested

Accelerate innovation and expansion into new markets
Strengthen operational capabilities
Support a local manufacturing business
Improve ESG practices

Advisers

Tradeways — Conseil transactionnel, seller side
Bowmans — Conseil juridique, seller side
DLA Piper Africa, Kenya (IKM Advocates) — Due diligence juridique et documentation transactionnelle, fund side
Deloitte — Conseil, fund side
Viva Africa Consulting LLP — Conseil, fund side

Source : eavca.org

Diani Beach Hospital Limited

July 2022 · Kenya

GrowthUndisclosed amountEquityHealthcareCo-Invest

Activity : Clinics and hospitals

Instrument : Acquisition d'une participation majoritaire · Vehicle : Ascent Rift Valley Fund II

Diani Beach Hospital is a private healthcare provider offering primary and secondary care through multiple sites on Kenya's South Coast.

Why they invested

Improve healthcare provision in an underserved area
Support the hospital's expansion
Develop quality and affordable healthcare services
Back an asset with established infrastructure and medical capabilities

Co-investors Proparco

Source : ascent-africa.comN1 · Primary source

Valley Hospital Limited

June 2022 · Kenya

GrowthUndisclosed amountEquityHealthcareLead

Activity : Clinics and hospitals

Instrument : Prise de participation significative · Vehicle : Ascent Rift Valley Fund II

Valley Hospital is a private hospital in Nakuru providing primary and secondary care, diagnostics, ambulatory services and specialized care.

Why they invested

Expand access to quality and affordable healthcare
Leverage the hospital's growth potential
Enter Kenya's hospital-services sector
Develop a hospital investment platform in East Africa

Source : ascent-africa.comN1 · Primary source

In short

Ascent Capital Africa invests tickets ranging from 2 M$ to 10 M$, across the following sectors: Healthcare, Manufacturing, Retail & distribution, and Agribusiness, in the following areas: Kenya and Uganda. Check in 30 seconds whether your company fits these criteria.

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